Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, June 24, 1994                   TAG: 9406290040
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Tyson Foods Inc. had no response Thursday to a federal judge's ruling that rejected the Springdale, Ark., company's challenge to shareholder voting rights in connection with the company's $329 million hostile takeover attempt of WLR Foods Inc. in Rockingham County.

Tyson Foods had argued that four WLR directors who voted in a May 21 election should be counted as "interested" shareholders and therefore be ineligible to vote. U.S. District Judge James Michael on Tuesday ruled the directors eligible to vote. Shareholders at the May 21 vote refused to grant Tyson voting rights for the shares of WLR stock it had acquired.

- Associated Press

CFW makes public offering of stock

CFW Communications Co., which last week announced it would build directory assistance centers in Waynesboro and Clifton Forge, on Thursday made a public offering of 1 million shares of its common stock.

CFW offered the stock at $25 per share. The company has 11.5 million shares of outstanding stock, which had been traded on Nasdaq's over-the-counter market. CFW also announced its stock would begin trading on the Nasdaq National Market under the symbol "CFWC."

The Waynesboro-based company said proceeds of the stock sale would be used for three purposes: to repay outstanding short-term debt from its acquisition of American Quality Cable Corp.'s wireless cable business earlier this year; for capital expenditures for its entry into the directory-assistance business, and to install digital switching equipment.

- Staff report

Sears, Wards OK FTC settlement

WASHINGTON - Sears, Roebuck and Co.; Montgomery Ward & Co. Inc.; and four subsidiaries of R.H. Macy & Co. have agreed to settle Federal Trade Commission charges by promising to give customers warranty information before they buy department store products.

The FTC alleged the stores had violated a federal rule that requires them to make the information available to shoppers for items that cost more than $15 and come with a written warranty.

- Associated Press